RFK Calls Out The BLS Jobs Scam

RFK has an enormous repertoire of knowledge about a wide range of topics—so it is not surprising that he recently called out the BLS for another dubious monthly report that vastly exaggerated the strength of the jobs market. And this ability to incisively cut through the fog of routinized establishment propaganda is also why his candidacy is so refreshing and crucial to the future of democratic governance, personal liberty and main street prosperity in America.

The truth is, the approved and endlessly repeated narratives—from justifications for the Forever Wars, to table-pounding for the Clot Shots, to bipartisan White House boasts about a perennially Strong Economy—are threadbare and contrary to the facts almost without exception. Yet in a modern-day version of the Naked Emperor tale the screaming evidence that all is not copacetic on main street is completely blotted out by the Uniparty politicians and MSM media alike.

Thus, the monthly BLS jobs report is a routine occasion for the financial press to marvel about the “strength” of the US economy, but these juiced-up figures are not even remotely what they are cracked-up to be. Nor do they pass the smell test of logic and common sense.

For instance, since April 2023 the headline jobs count has allegedly risen by a robust 1.234 million per the ballyhooed establishment survey, but the number of people actually employed has only increased by 191,000, according to the BLS household survey. You don’t need to be either an economist or statistician, however, to understand that each of these 191,000 newly employed Americans were not holding down 6.5 jobs each!

Or as RFK queried:

Do you wonder why the economy doesn’t feel as good as government statistics say it is? Maybe it is because the BLS manipulates the statistics.

Needless to say, the monthly headline numbers (establishment survey) are not worth the paper they are printed on, and not just because they are heavily modeled, imputed, revised and guesstimated. It’s also because on any kind of reasonable trend basis focused on total hours worked rather than simple but misleading worker headcounts, employment growth has virtually ground to a halt.

Thus, during the 36 years between 1964 and the year 2000, the index of private sector hours worked grew by 2.0% per annum, thereby accounting for more than 50% of annual real GDP growth. By contrast, during the 23-years ending in October 2023, the gain was only 0.73% per year. That is, the true growth rate of employment has fallen by nearly two-thirds since the turn of the century.